中国银行与房地产：2026 年 GCC 会议要点- 最糟糕的时期已过去？-China Banks and Property_ 2026 GCC takeaways_ Is the worst behind_

ab 22 January 2026 Global Research China Banks and Property 2026 GCC takeaways: Is the worst behind? Slightly better optimism on 2026 outlook; low expectation on policy stimulus In our 2026 GCC Macro, Financials and Property tour, our macro experts turn marginally more positive on 2026 outlook, due to a smaller drag from property sector, strong exports momentum, and seemingly eased deflationary pressure. Some expect PPI to narrow the YoY decline to zero by year-end along with onging anti-involution campaign ...